The HMRC portal opened to much anticipation on Monday morning, and within the first half hour over 67,000 claims had been submitted - and so far, the portal has had no technical issues, with the claims expected to arrive in the individual bank accounts within 7 to 10 days.
Our previous blogs cover the subject in depth, so we having clicked through the portal we have put together a short blog covering what you need to have prepared for when you go to submit your claim - as well as a refresh of the eligibility criteria required for both Employers and Employees.
And so you don't have to write any of this done, or flick back and forth between tabs (which gets old quickly), you can click the button below and download the PDF of this blog.
What are the eligibility criteria for Employers?
The Scheme is open to all UK Employers, there is no limitation on size or number of employees. The only eligibility criteria that must be met are:
What are the eligibility criteria for Employees?
All Employees who are subject to PAYE are eligible for the Scheme, as long as:
Employees that can be furloughed include:
What should Employers be aware of before using the HMRC portal?
The HMRC portal has 14 separate screens that you must move through within 30 minutes – there is no ‘save’ facility so if the portal times out you will have to start again.
It is important to have the following information at your fingertips prior to starting:
When making your claim, you can claim retrospectively from the 1st March 2020 as well as for the month of April, however, please note: you can only claim 3 weeks in advance of the current date. Basically, you will be claiming for a “pay period”, so if you pay monthly then you will retrospectively claim for that months payments – there appears to be no way of setting a claim for future pay periods as of yet, so each month you will have to repeat this process until the 30th June 2020 (the current date the Scheme is due to end).
Once your claim has been accepted by HMRC, you should receive a payment into the bank account you registered within 6 working days.
For ideas on how to make the Scheme work for your business, come and talk to us by emailing: firstname.lastname@example.org